I hold these shares because if any of Italy, UPS or Malaysia...

I hold these shares because if any of Italy, UPS or Malaysia plus An Other sign up then TZ will prob be cash flow positive. The share price will rise on the back of this (hopefully) to a point where i'm rewarded for my patience.
This stock got to 21c in Jan 2014 on the back of Italy and Indo trial announcements. With market cap of $50m and revenue at $20m and rising sharply, the stock in my opinion is undervalued. Sure TZ has to make a profit to really show gains and there are holes in the business model as well all know. Gross margins will increase as a result of transfer of manufacturing to Asia.
Sinosong, what value do you give the market cap of this stock?